Marguerite Invests in Ellalink Submarine

The supply contract for the EllaLink submarine cable system with Alcatel Submarine Networks came into force on 31 December 2018 and Alcatel will now start construction. Scheduled for operation in late 2020, the EllaLink system is a state-of-the-art submarine cable of up to 4 fiber pair designed to meet the growing demand for traffic between Europe and Latin America under a carrier neutral and open access basis.

Marguerite II joined the project in May 2018 working with the Ellalink team to finalise the development phase. Marguerite II will be the sole equity provider. Other sources of funding include pre-payments by anchor customers, and debt funding, covering total project cost of EUR 150m.